22 Jul 2017 | 7:44 AM
Research Report
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Equity Research Report: Religare Morning Digest

We reiterate our view and suggest maintaining sell on rise in Nifty till it upholds below 7350.
17 Feb 2016 | 07:00 AM

    Religare Morning Digest – Highlights for today
 
Market Outlook for the day -We reiterate our view and suggest maintaining sell on rise in Nifty till it upholds below 7350.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24650 23400 23191.97 22980 22750
NIFTY 7200 7120 7048.25 6980 6900
NIFTYBANK 14600 14400 14166.45 13980 13800
NIFTYIT 10650 10520 10418.65 10280 10150
News -
  • HCL Technologies announced the signing of a significant IT outsourcing deal with Volvo Group. The deal is one of the largest IT deals signed by any Indian IT company, and a first in the industry to use principles of Vested Sourcing as the basis of the relationship for an IT outsourcing engagement of this size and magnitude.
  • Punj Lloyd said on Tuesday it has won orders worth ₹ 2,070 crore in the oil & gas sector from Oman Oil Refineries and Petroleum Industries Company (ORPIC) and Oman Gas Company (OGC).
  • Inox Wind has bagged a 100-MW wind power project order from Tata Power Renewable Energy (TPREL) at Rojmal, Gujarat.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
CANBK SELL FEB FUT 166.00 170-172 178 155 3-5 Days
EXIDEIND SELL FEB FUT 125.60 126-127 132 115 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7100 CE 60.80 55-58 48 78 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
SMLISUZU BUY 781.15 869 1150
JYOTHYLAB BUY 272.30 272.40 330
SUPREMEIND BUY 697.40 699.30 840
Note – For our running recommendations and past performance, please click here
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